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According to a new report Asia-Pacific Encryption Software Market, published by KBV Research, the Asia-Pacific Encryption Software is expected to grow at a CAGR of 24.5% during the forecast period. Data breach and recovery is a costly affair today. Companies have to spend billions of dollars to regain hacked customer data and brand image. The cost of managing data breaches has significantly risen in the last few years. Therefore, to protect brand image and customers data companies are investing heavily on encryption technologies. Encryption is simple yet a formidable platform to protect the system from external attacks.
The Disk Encryption market dominated the Asia-Pacific Encryption Software Market by Application in 2015, and would continue to be a dominant market till 2022. The Cloud Encryption market is expected to witness a CAGR of 24.8% during (2016 - 2022). The China market dominated the Asia-Pacific On-Premise Deployment Encryption Software Market by Country in 2015, and would continue to be a dominant market till 2022; thereby, achieving a market value of $428.1 million by 2022. The Japan market is expected to witness a CAGR of 22.6% during (2016 - 2022). Additionally, The India market is expected to witness a CAGR of 24.1% during (2016 - 2022).
The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across countries in the region. The key influencing factors of the Asia-Pacific Encryption Software have been discussed in the report along with the elaborated company profiles of Symantec Corporation, Check Point Software Technologies, IBM Corporation, Cisco Systems, Inc., Intel Corporation, HP Enterprise Company, FireEye, Inc., Infineon Technologies AG, AT&T Inc. and Dell Inc. (SonicWall Inc.).
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